Archive for the ‘Real Estate Sales News’ Category

The Winter Housing Market

Capital city housing markets had their best winter since just before the run-up to the global financial crisis, according to figures released on Monday by RP Data.
According to the company’s Home Value Index, prices for capital city dwellings rose 4.2 per cent over the three months to the end … Read more »

Sydney Housing market report

Sydney:
The Sydney housing market has recorded one of its strongest ever winter performances. Weekend auction clearance rates over August were the highest for that month over the year, despite a significant rise in listings compared to the same period the year before.

Sydney’s median house price increased sharply by 3 percent over the July quarter, and is now up 7 percent over the year. Sydney median unit prices also rose … Read more »

Sydney breaks clearance record

Sydney has recorded its highest auction clearance rate in three years, according to RP Data.

While auction clearance rates for the city have remained virtually unchanged with 371 properties auctioned, the city’s auction clearance rate was 79.7 per cent, a rise from 74.1 per cent last week.

Australian Property Monitors (APM) recorded a clearance of 81 per cent for Sydney, up from 77.5 per … Read more »

Sydney auction results take off

Whether it’s “unliveable” dumps or million-dollar mansions, recent auction results are stunning agents and their vendors but frustrating buyers.

Analysts are predicting some sectors of the Sydney market could experience 10 per cent growth this year.

Last Saturday’s auction clearance rate of 78.7 per cent was the best in three years and included the $800,000 sale of a “blank canvas” … Read more »

A third of homes selling for double original price

Almost 32 per cent of homes sold during the September and December period last year reached a price that was more than double the original purchase amount, according to new figures by RP Data.

In comparison, 13 per cent of all homes sold were transacted at a price lower than their previous purchase price.

Over the three months the loss totalled up to $482 million while … Read more »

Confidence in market returning: REINSW

Improving median house prices in NSW are showing that confidence is returning to the property market, according to the Real Estate Institute of New South Wales (REINSW).

The December REINSW Property Profile showed the median house price in the Sydney metropolitan market at $594,000. This was an increase of 6.1 per cent on the median price recorded 12 months ago and a … Read more »

Australians take shine to apartment living

Australians are increasingly leaving the suburbs in favour of apartment living within the country’s 18 largest cities, according to the latest federal government research.

The State of Australian Cities 2012 report reveals that attached dwellings now represent nearly 28 per cent of all homes in Australia and the figure is growing.

Canberra is leading the trend with nearly 70 per cent … Read more »

Data reveals best month to auction property


New data suggests the best month to sell a property by auction in NSW during 2012 was in September.
“Across NSW 2,233 properties were reported as being up for auction in September 2012, with a clearance rate of 62 per cent,” Real Estate Institute of New South Wales (REINSW) president, Christian Payne, said.

“Spring is a time of renewal in … Read more »